Enhanced Financial Wellness through Partnership
NEW YORK--Today, Spiral, a personalized banking platform, announced a significant partnership with b1BANK, established as a community-focused banking institution. Through this collaboration, the two organizations aim to enhance financial wellness for customers, leveraging b1BANK's dedication to innovative banking solutions and community engagement.
Empowering Clients to Make a Difference
The introduction of Spiral's Everyday Impact™ will allow b1BANK clients to round up their everyday transactions, helping them effortlessly save for future endeavors while contributing to charitable causes that resonate with them.
Quote from b1BANK Leadership
Keith Mansfield, Executive Vice President and Chief Operations Officer of b1BANK, expressed enthusiasm about this initiative: "We are excited to enhance our digital banking experience, making it easier and more engaging for our customers to grow their savings and impact their local communities. We’re proud to support our community while empowering our customers to create meaningful change that matters most to them."
New Giving Center for Charitable Donations
b1BANK has also launched a new Giving Center, a feature that allows customers to donate directly from their online bank accounts. This innovative setup enables clients to curate a portfolio of causes, track their charitable contributions, and receive detailed reports for tax purposes.
Corporate Commitment to Community
Shawn Melamed, CEO and Co-founder of Spiral, resonated with b1BANK’s commitment to community service: "b1BANK has a rich history of making a positive impact on their local community and enhancing their customer financial journey. We’re excited to elevate this impact through Spiral’s solutions. Our aim is to assist community financial institutions in personalizing their digital banking experience, encourage deposits, and attract new clientele—all while facilitating positive change."
Seamless Integration with Digital Banking Platforms
Spiral's solutions are designed to integrate smoothly with leading digital banking providers and core banking systems. This partnership not only aims to enhance the user experience for b1BANK customers but also sets a standard for how community and digital banking can combine to foster both growth and social goodwill.
About Spiral
Spiral, headquartered in New York City, stands out as an award-winning personalized banking platform. It enables banks and credit unions to enhance their deposits and attract new account holders through a focus on financial wellness and community engagement. By integrating with various online banking interfaces, Spiral empowers financial institutions to create a meaningful impact for account holders and their communities.
About b1BANK and Business First Bancshares, Inc.
As of mid-2024, Business First Bancshares, Inc. operates b1BANK with a substantial asset base of $6.7 billion. It also oversees $6.1 billion in assets under management through its affiliate, Smith Shellnut Wilson, LLC. With operations in Louisiana and key areas in Texas, b1BANK offers a wide array of commercial and personal banking services. Recognized with the title of #1 Best-In-State Bank for Louisiana by Forbes, b1BANK has made a name for itself as a reliable and employee-friendly organization with accolades from American Banker. For more insights into their offerings, explore b1BANK's website.
Frequently Asked Questions
What is the partnership between b1BANK and Spiral?
b1BANK has partnered with Spiral to enhance financial wellness and empower customers to contribute to charitable causes through their banking activities.
How does Spiral's Everyday Impact™ work?
Spiral's Everyday Impact™ allows customers to round up purchases to save for their future and support causes of their choice.
What is the purpose of b1BANK's new Giving Center?
The Giving Center facilitates easy donations from customer accounts, enabling them to curate a portfolio of causes and track contributions.
Who leads Spiral?
Spiral is co-founded by Shawn Melamed, a serial entrepreneur with significant fintech and banking experience.
What services does b1BANK offer?
b1BANK provides a variety of commercial and personal banking products, including loans, treasury management, and personal banking services.
